{"id":257991,"date":"2025-09-27T05:52:14","date_gmt":"2025-09-27T05:52:14","guid":{"rendered":"https:\/\/www.europesays.com\/us\/257991\/"},"modified":"2025-09-27T05:52:14","modified_gmt":"2025-09-27T05:52:14","slug":"trump-is-annihilating-americas-soybean-farmers-and-betraying-them-for-argentina","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/257991\/","title":{"rendered":"Trump Is Annihilating America\u2019s Soybean Farmers and Betraying Them for Argentina"},"content":{"rendered":"<p>I detailed last week how <a href=\"https:\/\/www.splinter.com\/trump-voting-farmers-are-mad-theyre-getting-what-they-voted-for\" target=\"_blank\" rel=\"noopener nofollow\">many Trump-supporting farmers are becoming increasingly desperate as the mass deportation regime they voted for comes for their workers<\/a> and their bottom lines, but that is just one side of the economic double whammy that Trump is currently applying to some of his most fervent supporters. Soybeans may sound like small potatoes, but they are huge agribusiness, as U.S. farmers exported <a href=\"https:\/\/www.fas.usda.gov\/data\/commodities\/soybeans\" target=\"_blank\" rel=\"noopener nofollow\">$24.47 billion<\/a> worth of soybeans in 2024. China comprised a little over half of that at $12.64 billion, while other heavily tariffed trading partners like the European Union and Mexico accounted for $4.75 billion combined last year. This is how America\u2019s heartland stays in business, but thanks to Trump, it\u2019s biggest business partner has stopped buying its product altogether.<\/p>\n<ul class=\"articles grid-margin-x flex-container flex-dir-column\">\n<li class=\"grid-x grid-padding-x\"><a class=\"auto cell copy-container noimage\" href=\"https:\/\/www.splinter.com\/trump-is-annihilating-americas-soybean-farmers-and-betraying-them-for-argentina\" rel=\"nofollow noopener\" target=\"_blank\"><b class=\"title\">Trump Is Annihilating America\u2019s Soybean Farmers and Betraying Them for Argentina<\/b><\/a><\/li>\n<li class=\"grid-x grid-padding-x\"><a class=\"auto cell copy-container noimage\" href=\"https:\/\/www.splinter.com\/trump-voting-farmers-are-mad-theyre-getting-what-they-voted-for\" rel=\"nofollow noopener\" target=\"_blank\"><b class=\"title\">Trump Voting Farmers Are Mad They\u2019re Getting What They Voted For<\/b><\/a><\/li>\n<\/ul>\n<p>In just nine months, Trump, a man who is imposing debunked 19th century economics by force in a ham-fisted bid to make things in America and export them to the world, has taken our largest export to China from $12.64 billion to LITERALLY FUCKING ZERO. I apologize for the all-caps there, but I could hear my finance degree screeching at me as I wrote that sentence and had to quote it. Zero is something of a foreign concept in finance. There\u2019s always some money in the banana stand after all, and the only kinds of things that go to actual zero are things about to go bankrupt. America isn\u2019t being bankrupted by a man who bankrupted six casinos\u2026is it?<\/p>\n<p>But president deals isn\u2019t stopping there. Not only is he determined to levy taxes on farmers that annihilate their core business with their chief business partner, but he is helping foreign countries who also export a lot of soybeans get a leg up on American farmers to help fill this new gap in China\u2019s demand and leave us behind forever. \u201cObviously, we would love to be able to fill the demand, but we know that Argentine farmers do too,\u201d said Andrew Larson, director of government relations at the Illinois Soybean Association to <a href=\"https:\/\/www.axios.com\/local\/chicago\/2025\/09\/25\/trump-trade-war-illinois-farmers-soybeans-argentina-china\" target=\"_blank\" rel=\"noopener nofollow\">Axios<\/a>. He said this in response to them asking about the Trump administration\u2019s announcement they are readying a <a href=\"https:\/\/www.nytimes.com\/2025\/09\/25\/us\/politics\/trump-argentina-milei-bailout.html\" target=\"_blank\" rel=\"noopener nofollow\">$20 billion<\/a> bailout to Argentina\u2019s government (<a href=\"https:\/\/www.splinter.com\/why-trump-may-bail-out-argentina-and-how-climate-investment-could-help-him\" target=\"_blank\" rel=\"noopener nofollow\">which ironically enough could help finance climate projects<\/a>), and Argentina\u2019s government subsequently announcing that they were suspending a 26 percent soybean export tax. If you were trying to bankrupt Illinois soybean farmers, I\u2019m not sure what you would do differently than Trump has done so far this year.<\/p>\n<p>\u201cThe frustration is overwhelming,\u201d said American Soybean Association President Caleb Ragland in a <a href=\"https:\/\/soygrowers.com\/news-releases\/asa-responds-to-argentina-soybean-actions\/\" target=\"_blank\" rel=\"noopener nofollow\">statement<\/a> on Wednesday. \u201cU.S. soybean prices are falling, harvest is underway, and farmers read headlines not about securing a trade agreement with China, but that the U.S. government is extending $20 billion in economic support to Argentina while that country drops its soybean export taxes to sell 20 shiploads of Argentine soybeans to China in just two days.\u201d<\/p>\n<p>\u201cWhy would USA help bail out Argentina while they take American soybean producers\u2019 biggest market???\u201d <a href=\"https:\/\/x.com\/ChuckGrassley\/status\/1971284222347477331\" target=\"_blank\" rel=\"noopener nofollow\">wrote<\/a> Iowa Republican Senator and famed sloppy poster who will never leave 140-character era Twitter, Chuck Grassley. \u201cWe shld [sic] use leverage at every turn to help hurting farm economy[.] Family farmers shld [sic] be top of mind in negotiations by representatives of USA[.]\u201d<\/p>\n<p>Soybeans accounted for <a href=\"https:\/\/www.ers.usda.gov\/data-products\/chart-gallery\/chart-detail?chartId=76946\" target=\"_blank\" rel=\"noopener nofollow\">20 percent<\/a> of America\u2019s cash crop receipts last year, but this year\u2019s figure is far less certain. Between China\u2019s embargo and Soybean Futures prices falling to their lowest level in five years, the economic outlook for America\u2019s farmers is pretty bleak, and that\u2019s before you get to Trump\u2019s gestapo kidnapping their workers off the streets or even right on the farms themselves and <a href=\"https:\/\/www.splinter.com\/trumps-immigration-crackdown-is-hurting-job-growth-more-than-his-tariffs-are\" target=\"_blank\" rel=\"noopener nofollow\">harming the labor market enough to facilitate rate cuts, per the Federal Reserve<\/a>. \u201cWhat we\u2019re seeing is basically a recession economy in Nebraska and Iowa\u201d <a href=\"https:\/\/www.splinter.com\/outgoing-republican-what-were-seeing-is-basically-a-recession-economy-in-nebraska-and-iowa\" target=\"_blank\" rel=\"noopener nofollow\">said outgoing Republican Congressman Don Bacon last month<\/a>.<\/p>\n<p>The big problem that America\u2019s soybean farmers have is that our neighbors to the south have reportedly filled their former largest customer\u2019s demand. <a href=\"https:\/\/nebraskapublicmedia.org\/en\/news\/news-articles\/without-china-trade-american-soybean-farmers-are-left-with-limited-options-to-sell-their-grain\/\" target=\"_blank\" rel=\"noopener nofollow\">Nebraska Public Media <\/a><a href=\"https:\/\/nebraskapublicmedia.org\/en\/news\/news-articles\/without-china-trade-american-soybean-farmers-are-left-with-limited-options-to-sell-their-grain\/\" target=\"_blank\" rel=\"noopener nofollow\">reports<\/a> that \u201cChina has detached itself entirely from the U.S. market, said Chad Hart, an agriculture economist at Iowa State University.\u201d Brazil and Argentina, who harvest in February, have taken over the lucrative Chinese soybean market this year, while the United States, who harvests in the fall, is left searching for new customers while running out of storage space.<\/p>\n<p>NPM details how since Trump\u2019s initial trade war in 2018 that <a href=\"https:\/\/en.wikipedia.org\/wiki\/Trump_administration_farmer_bailouts\" target=\"_blank\" rel=\"noopener nofollow\">required a soybean bailout<\/a>, the industry has invested in domestic crush plants that process soybeans into oil and meal then sell them directly to other countries. \u201cIt\u2019s a great band-aid,\u201d Caylor\u00a0Rosenau, who is a member of the North Dakota Soybean Growers Association said to NPM. \u201cBut it\u2019s still not fixing the main problem that we still need half of our beans to be exported out of North Dakota.\u201d Given Trump\u2019s bellicose and dim-witted economic policies that <a href=\"https:\/\/www.splinter.com\/trumps-polls-are-slipping-as-non-maga-republicans-split-from-maga-on-the-economy\" target=\"_blank\" rel=\"noopener nofollow\">aren\u2019t even supported by non-MAGA Republicans<\/a>, that likely won\u2019t happen soon, and America\u2019s soybean farmers\u2019 rapidly increasing economic desperation will only grow as they figure out how fill the $12.64 billion hole Trump may have blown in their budgets.<\/p>\n<p>                                                                  <a id=\"mc\"\/>                                                        <\/p>\n<p class=\"copy-a\">GET SPLINTER RIGHT IN YOUR INBOX<\/p>\n<p class=\"copy-b\">The Truth Hurts<\/p>\n","protected":false},"excerpt":{"rendered":"I detailed last week how many Trump-supporting farmers are becoming increasingly desperate as the mass deportation regime they&hellip;\n","protected":false},"author":3,"featured_media":257992,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[64,67,132,68],"class_list":{"0":"post-257991","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-business","9":"tag-united-states","10":"tag-unitedstates","11":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115274707350275286","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/257991","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=257991"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/257991\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/257992"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=257991"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=257991"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=257991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}